Super Jumbo Bank Statement Loans In Georgia — The Quick Read: These loans let high-earning, self-employed borrowers qualify on bank deposits instead of traditional personal-income documentation, at loan sizes well above a standard jumbo mortgage. Two separate wholesale programs cover this space: one runs to $6,000,000, the other carries twelve-month bank-statement files all the way to $30,000,000 on its own leverage ladder. Georgia sits inside a 16-state consumer-lending footprint where this financing is available, subject to full underwriting. Leverage steps down as the loan size climbs, and everything above $4,000,000 gets reviewed case by case before it’s even submitted.
Key Terms Defined
Bank statement loan — a mortgage where the lender calculates qualifying income from 12 or 24 months of bank deposits, instead of traditional personal-income documentation.
Non-QM (Non-Qualified Mortgage) — a loan underwritten outside the federal Qualified Mortgage rulebook, which means the lender still has to verify repayment-capacity, just not through the standard documentation checklist.
Expense factor — a haircut applied to business-account deposits, because not every dollar that moves through a business account is take-home income. A portion covers overhead.
Interest-only period — a stretch of the loan term where the payment covers interest only, no principal, which lowers the required cash flow during that window.
Asset allowance — a way to qualify using liquid assets divided by a set number of months, instead of deposit income at all.
What “Super Jumbo” Actually Means
There’s no federal statute that defines “super jumbo.” It’s an industry label for a jumbo balance well beyond the point where standard jumbo underwriting starts to bend.
Regular jumbo just means the loan is too large for agency purchase — the size, not the paperwork, is what disqualifies it. Super jumbo bank statement loans stack two things on top of each other: a documentation type (deposits, not traditional personal-income documentation) and a size tier (typically $2,000,000 and up) where fewer lenders are willing to play.
That combination is exactly what self-employed high earners run into. A physician group partner, a business owner, or an entertainment-industry professional in Georgia can have strong cash flow and a large purchase price, but traditional income documentation that understate income after deductions. That mismatch is the entire reason this product category exists.
Lendmire, a mortgage broker working through select lenders in its wholesale network across 40 markets, including Washington, D.C., places these files rather than funding them directly. On the consumer lending side specifically, Lendmire’s licensed footprint covers 16 states — Georgia among them — so borrowers there have a real path into this program, subject to lender guidelines and full underwriting.
How the Underwriting Actually Works, Step by Step
The mechanics follow a fixed sequence, and understanding the order matters more than memorizing any single number.
Step 1 — Deposits get pulled and averaged. The lender reviews 12 or 24 consecutive months of bank statements, personal or business, and adds up the eligible deposits. Consecutive months only — a printed transaction history doesn’t substitute for actual statements.
Step 2 — Business accounts take an expense-factor cut. Because a business account carries revenue that funds payroll and overhead, not just the owner’s income, the underwriter applies a ratio before counting the money. Across the wholesale programs Lendmire places, that ratio generally runs lower for a service business with no employees, higher for a business with a small staff, and higher still for a larger staff or any product-based business, though exact tiers vary by lender and should be confirmed with the program guidelines. An accountant-provided ratio, or a profit-and-loss method capped at 80%, can sometimes replace the flat grid number if the business genuinely runs leaner.
Step 3 — Owner transfers into a personal account count in full. If the borrower moves money from their own business into a personal account, that transfer counts at 100% — no additional haircut, since it already passed through the business side once.
Step 4 — The lookback window is a choice, not a fixed rule. A 24-month lookback smooths out seasonal swings and can help a business with an uneven year. A 12-month lookback is faster to assemble and can work fine for a stable, established business. The bank portfolio program specifically runs on 12-month statements.
Step 5 — Credit, debt ratio, and reserves still apply. Bank statement underwriting replaces the income documentation. It does not remove the rest of the file. Credit sits at a 660 floor on the portfolio program, 680 on the bank program, and 700 once a loan crosses into the super jumbo overlays described below. Debt-to-income can run to 50%. Reserves scale with loan size: 3 months of payments up to $500,000, 6 months up to $1,500,000, and 9 months above that, plus 2 additional months for every other financed property, capped at 12 months. A first-time real estate investor generally needs the full 12 months regardless of loan size.
Step 6 — Appraisal covers value, and separately, rent if the property produces income. For an investment property, appraisers use the standard single-family rent schedule to document market rent — a form whose purpose Fannie Mae’s own appraiser guidance describes clearly: it exists specifically to let an appraiser document estimated monthly market rent when rental income factors into the file. That rent figure never gets folded into the property’s appraised value — value and income analysis stay separate, always.
The Size Ladder: Two Programs, Different Ceilings
Loan amounts through Lendmire’s wholesale network run from $300,000 to $30,000,000, but that range is split across two distinct programs, not one continuous ladder.
The first is a portfolio non-QM program that carries files to $6,000,000. The second is a bank portfolio jumbo program built specifically for twelve-month bank-statement files, and it runs its own leverage ladder all the way to $30,000,000: 65% loan-to-value to $5,000,000, 60% to $10,000,000, and 55% to $30,000,000. Interest-only pricing on that program is capped at 60% loan-to-value or the band’s ceiling, whichever is lower.
The two programs overlap between roughly $4,000,000 and $6,000,000. Above $6,000,000, only the bank program applies.
| Loan size band | Program | Max LTV |
|---|---|---|
| $300K–$4M | Portfolio non-QM | Steps down by size (see below) |
| $4M–$6M | Either program, reviewed case by case | Reviewed case by case |
| $6M–$10M | Bank portfolio program | 60% |
| $10M–$30M | Bank portfolio program | 55% |
Leverage That Steps Down As Size Climbs
On a primary residence, leverage starts high on smaller balances and tightens as the loan gets larger — that’s the entire logic of the ladder. A $600,000 purchase can reach 90% loan-to-value with a credit score of 680 or better. Push past $1,000,000 and the ceiling drops to 85%. Past $2,000,000, it’s 80%. In the $3,000,000 to $3,500,000 band, purchase leverage tops out around 75% with a 720 credit floor, and cash-out drops further still. Exact terms depend on the lender’s guidelines, property type, leverage, and a full review of the borrower’s file.
Second homes and investment properties run roughly five points lower at every size tier than a primary residence, which makes sense — a lender’s risk goes up when the borrower doesn’t live in the property.
Everything above $4,000,000 gets reviewed case by case before it’s even submitted for underwriting. That’s not a soft caveat — it’s how the program is built. A $4,500,000 purchase doesn’t get a published leverage number until a file review happens first.
Once a loan crosses $3,500,000 on a primary residence, or $3,000,000 on a second home or investment property, a separate set of overlays kicks in: a 700 credit floor, a clean housing-payment history with zero 30-day lates in the last 24 months, 48 months of seasoning since any credit event, U.S. citizenship or permanent residency, no non-occupant co-borrowers, no rural property, a 10-acre maximum lot size, and cash-out proceeds that can’t be counted toward the reserve requirement. Every figure here varies by lender and program — guidelines, property type, leverage, and credit profile all apply.
Where Documentation Gets More Flexible
Not every high-net-worth borrower has clean, consistent deposits. Some carry most of their wealth in liquid assets instead of monthly cash flow, and two paths handle that.
Asset allowance divides total liquid assets by a set number of months — 36 months if it’s supplementing income and debt-to-income sits at 60% or below, 60 months if debt-to-income runs above that, or 84 months if it’s the standalone qualifying method or the loan exceeds $3,500,000. This path is limited to primary residences and second homes, maxing out at 80% loan-to-value.
Assets-only removes the debt-to-income calculation entirely. The borrower needs U.S.-based liquid assets equal to the loan amount, plus closing costs, plus 60 months of any net loss the borrower carries on other residential property. Retirement accounts count toward that total at 70%, or 80% once the borrower is 59½ or older. Business funds, gifts, trusts other than a revocable living trust, unvested stock, and cryptocurrency never count — that’s a hard line across the network, not a lender-by-lender preference.
Where the General Rule Breaks: Edge Cases
The size ladder and expense-factor grid describe the typical file. Several situations sit outside that pattern.
Cash-out has a hard ceiling above 60% loan-to-value. Below that threshold, cash-out proceeds are effectively unlimited on the portfolio program. Above 60%, the portfolio program caps cash in hand at $1,500,000. The bank program doesn’t publish a cap at all, which is one reason larger borrowers gravitate toward it once size and leverage both climb.
Condotels and non-warrantable condos price differently than a standard condo. Warrantable condos reach 85% loan-to-value; non-warrantable condos top out at 80%. Condotels are more restrictive — 75% on a purchase and 65% on cash-out through the portfolio program, or 50% through the bank program.
Rural property has a firm cap regardless of borrower strength. Ten acres maximum, 80% loan-to-value maximum, and it never qualifies above $3,000,000 no matter how strong the file otherwise looks.
The Texas 50(a)(6) rule doesn’t apply in Georgia, but it’s worth knowing if a Georgia-based investor is buying across state lines. A home-equity refinance under that rule takes a 5-point loan-to-value reduction and stops entirely at $3,000,000 on the portfolio program.
Above $4,000,000, the leverage table stops being a lookup and becomes a conversation. Every file at that size is reviewed individually before submission — credit depth, reserve strength, and the specific documentation path all factor into what leverage actually gets offered.
The Practical Decision: Does This Program Fit?
The underlying question for most borrowers in this category isn’t whether they qualify for a mortgage at all — it’s which qualifying method actually reflects their real financial picture. A tax return built around depreciation and business write-offs can make a genuinely strong earner look marginal on paper. Deposits don’t lie the same way.
Investors buying rental property specifically, rather than a primary residence, often end up comparing this bank-statement path against a DSCR loan, which qualifies primarily on the property’s own rental income covering the payment, subject to lender guidelines, rather than on the borrower’s personal deposits at all. Which one fits better usually comes down to whether the borrower’s personal cash flow is strong enough to stand on its own, or whether the property’s rent is the stronger story. For an investor pulling cash out of an existing portfolio to fund the next acquisition, the mechanics of a super jumbo cash-out refinance at this loan size follow a related but distinct set of rules worth understanding before assuming the numbers work the same way as a purchase.
Reserve strength tends to be the difference-maker at the higher end of this ladder. A borrower with 9 to 12 months of payments already sitting in liquid accounts, on top of the loan’s other requirements, moves through underwriting with far fewer surprises than one who’s asset-light and income-heavy. That pattern holds across every lender in the network Lendmire places files through — reserves buy flexibility everywhere else on the file.
Tax treatment of any property purchased or refinanced this way depends on how the funds are used and how title is held; investors should keep clear records and talk to a qualified tax professional before relying on any deduction.
For deeper background on the mechanics discussed here, see CFPB Ability-to-Repay/QM Rule page.
Frequently Asked Questions
Can a self-employed borrower in Georgia use 12 months of bank statements instead of 24?
Yes, on select programs — the bank portfolio program specifically runs on a 12-month lookback. A 24-month lookback is also available and can help borrowers whose deposits swing seasonally, since it averages a longer stretch of income.
Does a super jumbo bank statement loan work for an investment property, not just a primary home? Yes, though leverage runs roughly five points lower than on a primary residence at every size tier, and reserve requirements are typically higher for a first-time investor. Above $3,000,000 on an investment property, the stricter super jumbo overlays — including the 700 credit floor and 48-month seasoning rule — apply.
What happens to a bank statement file once the loan amount crosses $4,000,000?
It moves into case-by-case underwriting review before submission. Leverage isn’t published as a flat number at that size; it depends on credit depth, reserves, documentation path, and the specific property.
Can gift funds or business account balances count toward the assets-only qualifying path?
No. Gift funds, business funds, trusts other than a revocable living trust, unvested stock, and cryptocurrency are excluded from that calculation across the network. Retirement accounts count, but at a reduced percentage until age 59½.
Is a bank statement loan the same thing as a DSCR loan for investors?
No. A bank statement loan is reviewed around the borrower using their own deposits. A DSCR loan qualifies primarily on the property’s rental income covering the payment, subject to lender guidelines, largely independent of the borrower’s personal cash flow.
If you’re weighing a bank statement approach against a rental-income-based loan for a Georgia purchase or refinance, Lendmire can help you compare the two based on your income documentation, credit profile, and target leverage — reach out at 828-256-2183 or request a quote to see how the numbers line up for your file.
For current guidelines and terms, see Lendmire’s super jumbo bank statement loan programs page.
Self-employed borrowers can compare both super jumbo programs on Lendmire’s self-employed mortgages page.
About Lendmire
Lendmire (NMLS# 2371349) is a mortgage brokerage built around DSCR investor lending, with programs available in 40 markets, including Washington, D.C. DSCR lenders commonly evaluate rental-income coverage instead of personal income paperwork — a practical fit for LLC-owned and multi-property investors. Terms vary by lender, property, leverage, and program. Scotsman Guide named Lendmire a Top Mortgage Workplace in both 2025 and 2026.
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References
1. Fannie Mae Appraiser Update — Form 1007 Rent Schedule Explainer
2. CFPB Ability-to-Repay/QM Rule page
Brandon Miller
Founder & CEO, Mortgage Loan Originator, Lendmire LLC
- Mortgage Loan Originator · NMLS# 1129696 · Verify on NMLS Consumer Access
- North Carolina Real Estate Broker · License# 343312 · Verify on NCREC
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Compliance and disclosures. Lendmire (NMLS# 2371349) is a licensed mortgage broker and is not a direct lender, depository institution, financial advisor, or tax professional. Content in this article is general market analysis and educational information — not financial, legal, or tax advice for any specific situation. Lendmire does not guarantee loan approval; every transaction is subject to underwriting by the funding lender. Mortgage pricing and loan program guidelines are subject to change at any time without notice and vary by borrower characteristics, property type, and state regulations. Lendmire complies with Equal Housing Opportunity. Licensure verification: NMLS Consumer Access.
